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Last updated: 21:08:51 Thursday Oct 8, 2009


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  • Democrats want credit card reform effective sooner
    WASHINGTON (Reuters) - Credit card issuers' recent actions prove that lawmakers should move up the effective date of new restrictions on card interest rates and fees, U.S. Representative Barney Frank said on Thursday.   People:Barack Obama   Activities:111th Congress   Source:(Reuters)   2009-10-08

    Regulators adopt new credit card rules
    WASHINGTON - Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.   Activities:Global Financial Crisis   2008-12-18

    Regulators nix credit card debt forgiveness plan
    WASHINGTON - Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.   Activities:2008 U.S. Financial Rescue   Source:(AP)   2008-11-13

    The Steady Ascent of the Debit Card
    Raquel Garcia is serious about avoiding debt. The 18-year-old customer-service representative for U-Haul recently canceled her credit card. Now she gets her entire paycheck deposited onto a prepaid debit card, which she uses for all her purchases. Since she can access only what's in the account, Garcia no longer worries about breaking her budget: "I'm spending just what I need."   Source:(BusinessWeek)   2008-11-02

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    [2009 Fort Hood Shootings]: US reels after Muslim doctor kills 13 on army base (14:09 11/6)


    [2008 U.S. Layoff Crisis]: Jobless rate tops 10 pct. for first time since '83 (08:09 11/6)


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    [2008 AIG Crisis]: AIG posts 2nd consecutive quarterly profit (14:09 11/6)

    [2008 U.S. Recession]: Obama signs homebuyer, jobless bill assistance (14:09 11/6)

    [Afghan Terror War]: Two NATO soldiers missing in Afghanistan (14:09 11/6)

    [Global Financial Crisis]: IMF warns G20 off cutting economic support too fast (14:09 11/6)


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    [2009 US Health Reform]: House Dems say Sat. vote on health care may slip (14:09 11/6)




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